Based on U.S. Department of Education data (October 2025 release).
Analysis
Minnesota State University-Mankato's psychology program sits in an interesting middle ground: nationally, it performs well (77th percentile), but within Minnesota—where psychology graduates tend to earn more overall—it lands squarely in the middle of the pack at the 40th percentile. Starting at $34,925, graduates earn about $3,000 less than the state median while carrying slightly less debt at $24,000.
The program shows steady progression, with earnings climbing 20% to nearly $42,000 by year four. However, several Minnesota schools deliver stronger immediate returns, with the top five all placing graduates above $38,000 in their first year. That $3,000-$6,000 gap matters when you're managing student loan payments early in your career. The debt-to-earnings ratio of 0.69 is manageable but not exceptional—you're borrowing roughly eight months of first-year salary.
For families prioritizing affordability and access (the 91% admission rate makes this achievable for most students), MSU-Mankato delivers a solid psychology education at a reasonable price. But if your student can gain admission to Saint Benedict, Metropolitan State, or UMN-Duluth, those programs offer meaningfully higher starting salaries that could justify slightly higher costs. The choice here hinges on whether the accessibility and regional reputation justify accepting mid-pack earnings within Minnesota's competitive psychology landscape.
Where Minnesota State University-Mankato Stands
Earnings vs. debt across all psychology bachelors's programs nationally
Earnings Distribution
How Minnesota State University-Mankato graduates compare to all programs nationally
Earnings Over Time
How earnings evolve from 1 year to 4 years after graduation
| School | 1 Year | 4 Years | Growth |
|---|---|---|---|
| Minnesota State University-Mankato | $34,925 | $41,943 | +20% |
| Gustavus Adolphus College | $33,174 | $53,981 | +63% |
| University of St Thomas | $38,396 | $51,174 | +33% |
| The College of Saint Scholastica | $31,367 | $50,740 | +62% |
| Concordia University-Saint Paul | $36,243 | $49,552 | +37% |
Compare to Similar Programs in Minnesota
Psychology bachelors's programs at peer institutions in Minnesota (31 total in state)
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| School | In-State Tuition | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|---|
| $9,490 | $34,925 | $41,943 | $24,000 | 0.69 | |
| $53,884 | $41,029 | $45,302 | $27,000 | 0.66 | |
| $9,780 | $40,958 | $44,425 | $30,155 | 0.74 | |
| $14,436 | $39,764 | $43,554 | $40,816 | 1.03 | |
| $14,318 | $38,543 | $45,061 | $24,225 | 0.63 | |
| $52,284 | $38,396 | $51,174 | $27,000 | 0.70 | |
| National Median | — | $31,482 | — | $25,500 | 0.81 |
Career Paths
Occupations commonly associated with psychology graduates
Industrial-Organizational Psychologists
Clinical and Counseling Psychologists
Psychologists, All Other
Neuropsychologists
Clinical Neuropsychologists
Psychology Teachers, Postsecondary
Managers, All Other
Loss Prevention Managers
Social Science Research Assistants
Explore Related Programs
About This Data
Source: U.S. Department of Education College Scorecard (October 2025 release)
Population: Graduates who received federal financial aid (Title IV grants or loans). At Minnesota State University-Mankato, approximately 20% of students receive Pell grants. Students who did not receive federal aid are not included in these figures.
Earnings: Median earnings from IRS W-2 data for graduates who are employed and not enrolled in further education, measured 1 year after completion. Earnings are pre-tax and include wages, salaries, and self-employment income.
Debt: Median cumulative federal loan debt at graduation. Does not include private loans or Parent PLUS loans borrowed on behalf of students.
Sample Size: Based on 105 graduates with reported earnings and 148 graduates with debt data. Small samples may not be representative.